Bunker Insurance indemnifies Charterers who have owned bunker on board of an Insured Vessel when those bunkers are partially damaged or totally lost.
Who should buy it?
Charterers who have taken out an underlying Charterers’ Liability Insurance.
What does it cover?
It covers the damaged or lost value of the bunkers on board when they are partially damaged or totally lost because of fire, explosion, stranding, grounding, sinking, collision or negligence of the crew to name a few.
Full details of this insurance (including applicable limits) can be obtained on request.